Womble Bond Dickinson (WBD) has advised on the sale of Carntyne Residential Care Home in Hexham, founded by the Sisters of Mercy in Sunderland, to Resolve Care.
The sale includes 19-bed property in the centre of Hexham, founded as a Care Home in 1990 following a request to the Sisters by the late Roman Catholic Bishop Hugh Lindsay. It is located close to the Sele Park in the centre of the town and also has its own extensive private grounds.
WBD advised The Sisters of Mercy with the disposal of the home to health entrepreneur Elaine Reay through her consultancy Resolve Care. Partner and Head of Charities Emma Moody managed the transaction following her team's longstanding relationship with the Sisters, with Corporate Solicitor David Ridley advising on the sale. Finance lawyer Kirsty Lienard and Real Estate Solicitor Thomas Welch also provided support on the finance and property front.
Head of Charities at WBD, Emma Moody, said:
"I am delighted that my team could support the Sisters on the sale of Carntyne, making their vision for its future a reality. I would like to thank David for advising and we wish Elaine every success."
Sister Aelred of the Sisters of Mercy added:
“In order to ensure the best possible outcome for our residents and staff, we agreed to transfer the business to Resolve Care and worked closely with Emma and her team at Womble Bond Dickinson to make this happen. We wish all concerned a very happy future, thank the people of Hexham for their support and care over the years, and send the residents and staff every good wish.”
WBD's charities team is dedicated to helping non-profit organisations, charities, institutions and foundations on matters relating to tax, corporate, finance, real estate, intellectual property and private wealth. The team is ranked as a leading firm in this area by both Chambers and Legal 500 and has been recognised for its 'excellent, practical and technical understanding of charity law and refined drafting techniques.'